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Hong Kong budget 2025-26

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Hong Kong budget 2025-26
Hong Kong finance chief Paul Chan Mo-po delivered his budget speech on February 26 amid a weakened economic environment and calls to ease the city's deficit.
2024-25
Hong Kong Budget 2024-25
2023-24
Hong Kong Budget 2023-24
Hikers visit Lau Shui Heung reservoir at Sha Tau Kok on December 26, 2024. Photo: Sam Tsang
Hong Kong

Letters | Hong Kong needs a smarter approach to water management

Readers discuss the importance of digital water systems, and the middle-class reaction to the financial secretary’s budget speech.

Hong Kong social welfare groups fear budget cuts will hurt service

Hong Kong economy

Western countries would envy Hong Kong’s financial position, experts say

Hong Kong economy

Financial stability above all: Paul Chan on tackling geopolitical tensions

Hong Kong will press on with Northern Metropolis project and push for development of AI, finance chief Paul Chan pledges at Post budget forum.

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Finance Chief Paul Chan speaking at the Redefining Hong Kong Series 2025, held at the JW Marriott Hotel on Monday. Photo: Jonathan Wong
Paul Chan

Opinion | Why Hong Kong’s austere budget is hard for the public to swallow

With the bulk of cost-cutting aimed at the elderly, children, families and education, for the government to exempt itself is not a good look.

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Legislative Council of Hong Kong

Opinion | Hong Kong civil service needs to be hauled into the 21st century

The financial secretary is heeding calls to downsize and cut costs, but should go further by embracing AI more quickly.

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My Take

My Take | No guaranteed win when it comes to legalised gambling on sport

The government is exploring legalising betting on basketball. But the plan has reignited debate about the impact on society – and rightly so.

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The NBABET website is seen at a Hong Kong Jockey Club Betting Branch in Kwun Tong. The Hong Kong Jockey Club is discussing with authorities for basketball betting to be legalised as soon as September. Photo: Edmond So

Hong Kong’s proposed cross-border car fee won’t harm integration: Paul Chan

Finance minister says suggested charge will only affect 15 per cent of travellers and government is open to discussion on fee amount.

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Hong Kong economy

Hong Kong’s Paul Chan should have been ‘bolder’ in his budget, economists say

‘There are some cost-cutting measures, but they are only piecemeal and definitely not a game-changer,’ Gary Ng says.

Hong Kong

Letters | Why most of Hong Kong’s port sector should set sail for Shenzhen

Readers discuss the budget announcements related to Hong Kong’s maritime development, and the city’s LNG bunkering ambitions.

The Kwai Tsing container terminal in December 2023. Photo: Jelly Tse
Hong Kong economy

8 residential sites Hong Kong to sell in 2025-26 will yield 4,450 private flats

Each of eight plots expected to deliver between 193 and 985 flats, with first site in Tuen Mun to be rolled out between April and June.

The Tsuen Wan area. Along with other redevelopments and projects, 13,700 private flats were expected to be created in the coming financial year, 500 above the official target. Photo: Sun Yeung
Hong Kong

Will Hong Kong host Lady Gaga at Kai Tak or lose to Singapore again?

‘There will be some concerts, some of them are by singers who hadn’t sung in Hong Kong for a long time, some of them are superstars in Asia,’ tourism minister Rosanna Law says.

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Hong Kong

Hong Kong boundary fee study will look at impact on travellers and traffic

Boundary facilities fee for private cars among proposals in budget to increase revenue to fix deficit.

Hong Kong

Hong Kong’s ‘soft power’ can give tourism sector a boost, experts say

Budget cuts for tourism sector do not necessarily mean less development for the industry, lawmakers and insiders argue.

The creative industries can help Hong Kong with new tourist hotspots or “check-in” locations, a lawmaker says. Photo: Elson Li
Paul Chan

‘18 months needed to update 17,000 Octopus card readers for HK$2 fare change’

Hong Kong welfare minister Chris Sun says time needed to adjust Octopus card readers on vehicles and ferries.

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Secretary for Labour and Welfare Chris Sun has noted it took the government 26 months to update all card readers a few years ago when the age threshold for the concessionary fare was lowered from 65 to 60 years. Photo: Sun Yeung
Education in Hong Kong

Hong Kong lawmaker denies minister’s claim axing student subsidy was discussed

Lawmakers disapprove of decision to cut HK$2,500 grant, with sector’s legislator denying Paul Chan’s claim move was discussed earlier.

LIV Golf

Hong Kong Golf Club ‘actively working with government’ on LIV deal

Last year’s LIV Golf event in the city estimated to have generated more than HK$320 million and earned HK$33 million in direct tax revenue.

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Hong Kong healthcare and hospitals

Hong Kong’s 2 medical schools to get funding for 60 extra degree places

Extra intake will include 50 places for graduates pursuing a second degree.

The University of Hong Kong has one of the city’s two medical schools. Photo: Dickson Lee
Hong Kong economy

Hong Kong’s DeepSeek-powered AI tool ranks first in world for safety: minister

Innovation chief Sun Dong dismisses data leak concerns over locally developed ‘HKGAI V1’ to be trialed in government departments.

Hong Kong economy

Explainer | Budget 2025: how much will Hong Kong save and does plan differ from past?

From universities and civil service to students and elderly, the Post looks at where finance chief Paul Chan hopes to cut down on spending.

Paul Chan

Hong Kong to reduce dependence on land sales as major income source: Paul Chan

But some lawmakers urge the government to make bidding exercises more attractive, saying land premium revenue ‘irreplaceable’.

Hong Kong will pause land sales for commercial plots and change the purpose of some sites for other uses. Photo: Sam Tsang
Paul Chan

Investing in megaprojects key for Hong Kong’s growth despite deficits: Paul Chan

Finance chief also appeals for understanding from middle class over lack of sweeteners in annual budget.

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Financial Secretary Paul Chan at a joint radio phone-in programme. Photo: Elson Li
Hong Kong economy

Hong Kong budget 2025: everything you need to know

From axing 10,000 government jobs to raising the airport departure tax, here is a look at Financial Secretary Paul Chan’s plan to balance Hong Kong’s books.

Hong Kong economy

‘Mild’ Hong Kong budget fails to deliver amid structural deficit fears: analysts

Finance chief Paul Chan has presented ‘very generous’ budget at time when city needs bold solutions to deficit woes, experts say.

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Hong Kong

Editorial | Chan pins Hong Kong’s hopes on budget that seeks to bring gains from pain

By doubling down on fiscal austerity and promoting economic development through investment in AI, Hong Kong’s financial secretary is putting the city on the right track.

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Paul Chan, seen in a press conference about the budget on Thursday, is facing economic headwinds in Hong Kong. Photo: Elson Li
Paul Chan

Hong Kong’s Paul Chan cuts spending in budget, plots AI path to future growth

Finance chief eyes new revenue sources while freezing pay for public servants, cutting civil service positions, reducing education spending.

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Financial Secretary Paul Chan delivers his annual budget address on Wednesday. Photo: Sam Tsang
Hong Kong transport

Why does Hong Kong need 18 months to revise its HK$2 public transport scheme?

Sources says cost-cutting revisions to scheme will not take effect until September 2026, with authorities blaming Octopus for the delay.

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Paul Chan

Hong Kong could rake in billions from basketball betting but experts have doubts

Government has invited the Hong Kong Jockey Club to submit a proposal on expanding its sports gambling options to include basketball.

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